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Fulton Financial ( (FULT) ) has shared an update.
On May 5, 2026, Fulton Financial Corporation completed a $300 million underwritten public offering of 5.950% fixed-to-floating rate subordinated notes due 2036, issued under its existing indenture with Wilmington Trust as trustee. The company plans to use most of the proceeds to repay $195 million of its 3.250% fixed-to-floating rate subordinated notes due 2030, with the remainder allocated to general corporate purposes, effectively refinancing higher-cost capital and optimizing its liability structure.
The subordinated, unsecured notes carry a fixed 5.950% coupon until May 15, 2031, then switch to a floating rate tied to a benchmark, expected to be three-month Term SOFR plus 217 basis points, and mature on May 15, 2036 unless redeemed earlier. Fulton retains the option to redeem the notes at par plus accrued interest beginning May 15, 2031, positioning the issuance as a flexible capital management tool within its broader funding and capital planning strategy.
The most recent analyst rating on (FULT) stock is a Buy with a $24.00 price target. To see the full list of analyst forecasts on Fulton Financial stock, see the FULT Stock Forecast page.
Spark’s Take on FULT Stock
According to Spark, TipRanks’ AI Analyst, FULT is a Outperform.
The score is driven by attractive valuation (low P/E and solid yield) and constructive technical momentum (price above key moving averages with positive MACD). Financial performance is solid with improving margins and meaningfully lower leverage, but revenue volatility is a notable risk. The latest earnings call was supportive with reaffirmed guidance, improving efficiency, and strong capital metrics, partially offset by NIM pressure and integration costs.
To see Spark’s full report on FULT stock, click here.
More about Fulton Financial
Fulton Financial Corporation is a Pennsylvania-based financial services company operating in the banking industry, providing commercial and consumer banking products and related financial services. The company focuses on serving regional customers through its bank subsidiaries, offering lending, deposit, and other financial solutions in its core markets.
Average Trading Volume: 2,077,319
Technical Sentiment Signal: Strong Buy
Current Market Cap: $4.08B
For an in-depth examination of FULT stock, go to TipRanks’ Overview page.